Winners and losers in the Senate GOP tax bill: A running list - News Summed Up

Winners and losers in the Senate GOP tax bill: A running list


He managed to rally GOP senators to deliver the biggest priority of all: tax cuts. The Pennsylvania senator was one of the main authors of the Senate tax bill and he defended it vigorously on the floor of the U.S. Senate. The tax bill is likely to add at least $1 trillion more, according to the Joint Committee on Taxation, the official scorekeepers in Congress. The Senate bill isn't just a tax bill, it also includes the repeal of the individual mandate that requires all Americans to buy health insurance or else pay a penalty. The Senate bill cuts tax rates across all income levels, but 44 percent of Americans don't pay any federal income tax, so it doesn't help them.


Source: Washington Post December 01, 2017 22:22 UTC



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